The time has come to the afternoon, and the morning market has also been accurately grasped again. The Bitcoin price continued to rise in the morning, reaching a high of 104440, then pulled back and fluctuated around 104000. Ethereum has been continuously pushing closer to the 2600 line and is currently consolidating below it.
Overall, after the strong return of Bitcoin, there hasn't been much opportunity for altcoins to show in the short term, but there is severe resistance above, and it has not been able to break through the previous high levels to establish a sustained upward trend.
On the four-hour chart, due to the strong pressure from the upper track, the rebound in the latter half of the week has not posed a threat; technically, the KDJ is diverging upwards, and MACD also shows a trend of forming a golden cross, but the upward speed is slow, and the intraday oscillation speed will also slow down, with high points likely near the upper track.
On the hourly chart, technical indicators slightly turn downward, Bitcoin volume has decreased, and there is significant pressure on short-term pullbacks; however, both the lower and middle tracks are rising, making it difficult to experience a deep downward movement.
In the afternoon, for short-term Bitcoin, look for buys around 103500, aiming for 105000; for Ethereum, consider buys around 2580, aiming for 2650.
